mark mahaney with us. uber is back in your top four pick list. why have you put uber back in?happy frirkd stu. i put uber back in because it's recent he got dislocated. there were some midling response to its earnings, but more importantly, this is new overhang issue that perhaps robotaxis will displace the need for ride sharing. i think it's a false flag issue. i look at uber as likely a beneficiary of the rollout of autonomous if vehicles which i still think is 5-10 years out. the reason is this is going to take a long time to get real mass market adoption, and the best way to get that adoption is to integrate autonomous vehicles, i think, within those transportation network like an uber. so i actually think it'll be a positive, i think they'll be a positive derivative of the eventual rollout to. i take the oh side, i like uber. stuart: just a few weeks ago it had moved up to about $80 a share, i followed it closely, and now it's back down to 63. what's your price target now? >> i'm back at 80. there's no change in my price target. so, you know, when the stocks kind of dislo

let's talk about this with mark mahaney.king at the latest global digital ad is supposed to be $6$ $680 billion in 2024. is this a rising tide for everybody? >> most quarters has been a consolidation or concentration of revenue results of two or three names. go google, meta and amazon. this quarter is more dispersed. you pointed out two surprising winners. one was pinterest and one was snap. jumped 20% to 30%. you are seeing more dispersion. you are also seeing a successful product cycle from the companies. that's what's reigniting the growth. there are easier comps here. we started 2023 with very soft advertiser demand. the comp is against that. you had a return to 2020. youtube, meta , snap, pin, they all grew in the third quarter. that will fade as we go through the year, but it will still be robust. >> mark, we saw the ad market take a slump on concerns of geo low le political issues. you mentioned in 2023 where the ukraine was war cited. we are seeing more geopolitical issues now. why the rise in ad spending? >> i think

mark mahaney with us this friday morning. i want to start with netflix. last time you were here you had a price target of 650. has that changed? >> yeah, we raised it, or stu. we raised it to 700. we have done some survey work that showed this almost surprising inflection again in satisfaction for netflix and reduction in the intent to churn, and then we started for the first time ever, actually, surveying people about how interested they would be in live events, particularly live sports. the nfl on christmas day is coming to netflix, things like that. you've got a major pseudo-boxing fight from a couple of 50-year-olds -- [laughter] you know, entertaining stuff like that. anyway, we found there's much greater interest amongst netflix viewers in that. so netflix is in the strongest position i've ever actually seen financially, fundamentally, competitively. we took opportunity our estimates and price target, 700. stuart: okay. watch out for that. next one, chewy. i know your price target was $19 a share. it's now at 21. what's your new price target? >> yea

it's green elsewhere, and mark mahaney joins us.onthly users, 40 million. you cover the company and your target price has been $650. what's your target now? >> no change. no change, stu. happy friday. i'm just -- you caught me off guard with this scottie scheffler golf news. anyway, let's see, we had three piece of news from netflix. they're going to be carrying the nfl on christmas day. if that isn't a sign this company's really ready for prime time, i don't know what is. secondly, they disclosed 40 million monthly users for their ad-supported service. you have 50 million, and you become pretty much a must-buy for advertisers, and netflix is knocking on that door. and third piece of news from this week is they're now bringing in google and a company called the tradedesk to better sell their ad invenn toimplet we've been watching netflix for the better part of two years, they're finally hitting critical mass. this is the strongest position i've ever seen netflix in either financially in terms of free cash flow or competitively or fu

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>> we did have two very bullish analysts note in the past two days mark mahaney reiterating the out performnd estimates and boosting his price target to netflix to 700 in the wake of research they have done. there are a couple of factors behind his bullishness as well as the bullishness of a morgan stanley note reiterating its out perform. one thing key for the stocks gains over the past six months is the fact that the crackdown on password sharing is really working. people are willing to pay for more dependents outside their home to let them watch netflix and it doesn't seem to be driving the kind of churn that some people were concerned about. a couple other key things, the ad business, though new, seems to be working. and people seem eager to have that add-supported version, less expensive and moving into sports. something they said they would never do, but it seems to be getting a positive reception. >> do you think the bundling of various streaming services will that help those smaller players fight against netflix so to speak? >> i think so. i think sort of the bundle is the new tv, r

in was 13% growth on the estimate the whisper number had to be higher we discussed that with mark mahaney ed , 15, 16, higher than that, it was 17. >> yeah. on a huge base it's $100 billion business it wasn't that long ago that it was $60 billion business as a matter of fact, about a year ago so the growth is amazing and you know what, scott, the growth is going to accelerate because cloud is data storage. and you already have a multiplier effect without ai on data needs to go into the cloud. now think of what you're going to do as you're going to increase that as you -- as companies adopt more ai strategies, use their ai tools more in the cloud. so you got to love the hyper scalers. it's growth that's going to restart from where it was. and by the way, penetration, you know, it's not 100% across companies that should be in the cloud. you have a number high percentage still on prem to me, that's the story, that's the heart of the story and that's why i continue to own it i'm not surprised by the muted reaction given the market backdrop yesterday given the fact that analysts tripped over t

mark mahaney joins us today. mark, you coverageson.et on that stock of 220. where is it now? >> well, we just took it up modestly to 225. amazon remains our top pick in large cap. in the print that we got from them earlier this week with, it showed what you largely wanted to see. close to record high operating margins especially in the retail segment and and a real material acceleration in their aws cloud computing business. the fundamental trends, you know, are very strong. you want to stick with amazon. stuart: so 225 by the end of this year? is that it? >> that's right. stuart: okay. you've got a price target for doordash of $145 a share. now, there was a 01% selloff yesterday -- 10% selloff yesterday in that stock. up a little bit this morning. you're at $145. justify that for us, will ya? >> yeah. and that's one of our top picks. it probably falls number three or four on our list amongst the large cap names. we had what i would call an expectations correction, similar to netflix and meta. so the bar was super high, these names tha